Industry
SGI has committed to employing students participating in and graduating from the Saskatchewan Institute of Applied Science and Technology (SIAST)’s new Business Insurance Diploma program.The program begins in September 2011. SGI will establish six work terms after the second semester, and five 12-month internships upon graduation. It will also offer four $2,500 SIAST scholarships for […]
By Canadian Underwriter | December 15, 2010
1 min read
Ontario’s Uninsured Vehicles Project (OUVP) generated a fair amount of discussion between industry and regulator stakeholders about what consumers should do in the event of wrongful denials of license plate renewals.The OUVP is designed to reduce the number of uninsured vehicles driving on Ontario roads. Under the project, consumers are checked for their insurance status […]
Canada raised record funds in the global ‘Movember Challenge,’ with a little help from insurance industry participants. The Movember initiative started in Australia in 2003 to raise awareness of men’s health – prostate cancer in particular – by having participants grow a moustache throughout the month of November. The facial hair has become to the […]
2 min read
The Canadian Automobile Association (South Central Ontario) will be applying to the Financial Services Commission of Ontario (FSCO) to offer premium rebates for drivers that install winter tires.”Insurance premium rebates will incent drivers to install winter tires, which will help reduce the number of crashes and improve safety on our roads,” said Nick Parks, CAA […]
A massive winter storm stranded more than 360 vehicles on an 80-km stretch of highway between London and Sarnia, Ontario, and Lambton County declared a state of emergency and called in the military for help.The entire southwestern Ontario area has been hit hard recently, with London receiving more than a metre of snow in December […]
By Canadian Underwriter | December 14, 2010
Claims
The Ontario Securities Exchange Commission (OSC) is examining accusations of insider trading against a former senior accountant of Kingsway Financial Services and her son.The securities regulator is holding a Jan. 27, 2011 hearing to examine allegations that Helen and Paul Kuszper made a profit of more than $321,000 based on insider knowledge that Kingsway would […]
Nine Manitobans have been killed in traffic accidents over a five-week span, prompting Manitoba Public Insurance (MPI) to remind drivers to practice road safety over the holiday season.”The number of deaths over this small period of time is very concerning from a safety perspective,” said Ted Hlynsky, MPI’s vice president of claims control and safety […]
The protection and indemnity insurance market, which provides shipowners with marine legal liability coverage, nearly broke even despite facing a record year for claims incurred, reported Willis.The P&I market as a whole reported an underwriting deficit of 1% for the 2009-10 financial year. The result was achieved against the highest levels of claims in the […]
The Economical Mutual Insurance Company is planning to become the first property and casualty insurance company in Canada to demutualize. The company is aiming for the conversion to be completed in 2011, subject to approval by mutual policyholders and the Minister of Finance, the company announced in a press release on Dec. 14. “The board […]
The Ontario Court of Appeal has confirmed in a slip-and-fall case that the knowledge of the existence – rather than the specific identity – of a potential party invokes the discoverability principle and postpones the expiry of applicable limitation periods.Roseanna Ansell-Vaughan discussed the ramifications of Safai v. Bruce N. Huntley Contracting Limited in an article […]
By Canadian Underwriter | December 13, 2010
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